Metaplanet Bitcoin Treasury Hits 25,555 BTC After $633M Buy
Japanese listed firm Metaplanet has acquired 5,419 BTC in a $633 million purchase at an average price of about $116,500 per Bitcoin, lifting its Bitcoin treasury to 25,555 BTC—worth nearly $3 billion and making it the fifth-largest corporate holder. The company’s average cost basis of roughly $106,000 per coin represents a 3.9% paper loss at current levels but underpins a 395% year-to-date Bitcoin yield and a 10.3% boost since July.
To fuel further accumulation, Metaplanet will issue 385 million new shares and warrants to raise about $1.4 billion, supporting a long-term target of 210,000 BTC by end-2027 (around 1% of total supply). Despite a 30% drop in its share price over the past month, the firm is expanding US and Japanese operations. Market response is mixed as traders weigh large Bitcoin gains against equity dilution, balance-sheet risk and evolving regulations.
Bullish
Metaplanet’s large-scale Bitcoin purchase and aggressive accumulation strategy signal strong institutional demand, likely supporting upward pressure on BTC prices. In the short term, the $633 million buy may boost market sentiment among traders and prompt further corporate treasury acquisitions, creating bullish momentum. Over the long term, a target of 210,000 BTC by 2027 (1% of supply) underscores sustained demand, reinforcing Bitcoin’s scarcity narrative. Although equity dilution and regulatory changes could temper enthusiasm, they have limited direct impact on Bitcoin’s price trajectory, making the overall market outlook bullish.